Search form

Search form

Robert Diamond, Barclays' incoming CEO, told an audience at a conference that banks "made mistakes" during the financial crisis, but he defended their risk-taking, saying it was necessary to be successful. Mr. Diamond said he welcomes regulatory changes that are being implemented worldwide. "We've learned a lot in the past couple of years, and banks have changed," he said. "Strong banks want strong regulation."

Related Summaries

Robert Diamond, Barclays' incoming CEO, told an audience at a conference that banks "made mistakes" during the financial crisis, but he defended their risk-taking, saying it was necessary to be successful. Diamond said he welcomes regulatory changes that are being implemented worldwide. "We've learned a lot in the past couple of years, and banks have changed," he said. "Strong banks want strong regulation."

Robert Diamond, Barclays' incoming CEO, told an audience at a conference that banks "made mistakes" during the financial crisis, but he defended their risk-taking, saying it was necessary to be successful. Diamond said he welcomes regulatory changes that are being implemented worldwide. "We've learned a lot in the past couple of years, and banks have changed," he said. "Strong banks want strong regulation."

Robert Diamond, Barclays' incoming CEO, told an audience at a conference that banks "made mistakes" during the financial crisis, but he defended their risk-taking, saying it was necessary to be successful. Diamond said he welcomes regulatory changes that are being implemented worldwide. "We've learned a lot in the past couple of years, and banks have changed," he said. "Strong banks want strong regulation."

Robert Diamond, Barclays' incoming CEO, said reaction to his appointment has been disappointing, but it has also revealed ignorance about what banks do. Diamond defended the universal-banking model, saying Barclays' model is the best to support the economy. In this interview, Diamond discusses compensation policies, Basel III regulations and the idea of "casino banking".

Robert Diamond, Barclays' incoming CEO, said reaction to his appointment has been disappointing, but it has also revealed ignorance about what banks do. Diamond defended the universal-banking model, saying Barclays' model is the best to support the economy. In this interview, Diamond discusses compensation policies, Basel III regulations and the idea of "casino banking."